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The government neglected the people leaving them on their own allowing monopolies and big businesses to rise.
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Due to railroad success many other industries such as oil and steel saw their oppurtunity to take risks and become big buisnesses
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Rockefeller's buisness developed into a monopoly in the early 1880s.
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Due to the Sherman Anti-trust Act, monopolies resurged and the economy dropped. The Sherman Anti-trust Act allowed buisnesses to sell their buisnesses to a bigger company.
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andrew Carnegie owned the biggest steel business at one time which developed into a monopoly
